The strong weight of a single industry within a geographically defined area. From the viewpoint of economics, sector concentration is undesirable and dangerous because the vulnerability to crises (even a moderate decline in demand causes an overall reduction in production and employment in the region) of the corresponding area is higher than average. – See Industry concentration. – Cf. Deutsche Bundesbank Monthly Report of March 2014, p. 67 (reasons for vulnerability to crises).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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